1928 253rd Pl - Apartments FOR SALE


Lomita, CA 90717
$1,099,000 USD
310-308-2609
1928 253rd Pl, Lomita, CA for Sale
$1,099,000 USD
Apartments - FOR SALE
1/33
null | 2.32% Cap Rate

1928 253rd Pl
Lomita, CA 90717


OVERVIEW

? Price: 1,099,000 ? MLS: Will go on MLS by August, unless we sell off-market first. ? Location: Exact address provided upon request and after a buyer representation agreement is signed by all buyers, and the agent representing them. ? Loan Buydown: Yes, Seller is open to paying to buy down the rate with Buyer’s lender. ? Contingent Offers OK!: Seller has time, is open to a long, contingent offer. ? Offers: There is no deadline for offers. Seller will review each offer as it comes in. ? Motivation: Sellers inherited the property and do not live locally. ? Reports: Available upon request: General home inspection, plus termite & sewer. ? Showings: Since both units are occupied, there is an open house on July 27th between 10:00 a.m. and 2:00 p.m. We may be able to show before the open house if the buyer is qualified. ? General Comments: (similar to description in MLS): ? The front unit is a three-bedroom and two full bath unit. The back unit is two bedrooms and one full bath. ? There's a large concrete (could easily be all grass) backyard approximately 20 ft deep and the entire width of the lot. There's a grassy front yard. ? At the front is a two-car attached garage and the driveway easily holds two full-size cars. The street is very quiet with little traffic. ? Both units have some upgrades like new heaters and some appliances. The roof is in excellent condition. The exterior has had some stucco patching and a new paint job. The front yard is nicely manicured. The inside is very lovable and technically does not need any upgrading to get market rents. ? Rents: Front is $2,395 and the rear is $1,795. Both tenants have been there for at least 10 years and are on month to month agreement so usually be vacated. ? This property has been in the family for approximately 50 years and well cared for.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

2

PRICE/UNIT

$549,500

CAP RATE

2.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,140 SF

ZONING

R1*

APN/PARCEL ID

7375-019-012

ASK ABOUT THIS PROPERTY

Nick PetersEngel & Volkers LA SouthbayMore Info
310-308-2609

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Nick PetersEngel & Volkers LA SouthbayMore Info
310-308-2609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.